GrowGeneration Corp. (NASDAQ:GRWG – Get Free Report) CEO Darren Lampert purchased 85,300 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $1.88 per share, for a total transaction of $160,364.00. Following the completion of the purchase, the chief executive officer now directly owns 1,518,420 shares of the company’s stock, valued at approximately $2,854,629.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
GrowGeneration Trading Up 7.3 %
GrowGeneration stock traded up $0.14 during mid-day trading on Thursday, hitting $2.06. 685,059 shares of the company’s stock were exchanged, compared to its average volume of 944,818. The stock has a market cap of $125.06 million, a P/E ratio of -2.61 and a beta of 3.09. GrowGeneration Corp. has a 1-year low of $1.77 and a 1-year high of $3.78. The stock has a 50 day moving average of $2.28 and a two-hundred day moving average of $2.37.
GrowGeneration (NASDAQ:GRWG – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). GrowGeneration had a negative return on equity of 18.00% and a negative net margin of 22.68%. The business had revenue of $53.54 million for the quarter, compared to analyst estimates of $53.00 million. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, research analysts predict that GrowGeneration Corp. will post -0.36 EPS for the current fiscal year.
Institutional Investors Weigh In On GrowGeneration
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on GRWG shares. Roth Mkm dropped their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Lake Street Capital lowered their target price on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus lowered their target price on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Alliance Global Partners lowered their target price on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, GrowGeneration presently has a consensus rating of “Hold” and a consensus target price of $2.75.
Check Out Our Latest Stock Analysis on GrowGeneration
GrowGeneration Company Profile
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.
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